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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Jul 16, 1960
Page
10
Fragmentary stock market item notes limited details on trades and prices. No clear names, dates, or entities are readable beyond general reference to the New York Stock Exchange and ongoing transactions.
A dense clipping shows closing numbers for Dow Jones and Standard & Poor indexes. It lists several industrials, railroads, and utilities with highs lows and changes for the day, reflecting market activity and notable traders or securities, including Bayer and Kennecott among others.
Cotton futures showed mixed sentiment as buying interest cooled in New York trading. Prices for futures edged up or down modestly with farmers watching remaining demand, while the citrus market in Los Angeles moved little amid steady wholesale prices.
Volume 92 000 shares. American Motors leads with 7 percent rise to 2135 on 84 100 shares. General Time and General Motors post notable gains while Automatic Canteen Brunswick and Union Carbide fall over a point. Reynolds Tobacco edges higher after dividend move. ACF Industries climbs 4. American Enka cuts dividend. New Haven Clock advances 34. Perfect Photo drops 244. other tech names show slight gains while overall market lacks clear direction.
The grain market shows mixed action as 1,192 issues traded with 500 advances and 436 declines. New highs reached 34 and new lows 43 for the year, while profit taking tempers gains in volatile stocks. Major movers include American Motors leading turnover and DuPont dipping 24 percent, fueling concerns about a broader downturn.
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